Purrfect Pets uses the perpetual inventory system. At the beginning of the quarter, Purrfect Pets has $41,000 in inventory. During the quarter, the company purchases $9,550 of new inventory from a supplier, returns $1,050 of inventory to the supplier, and takes advantage of the supplier's discounts of $310. At the end of the quarter the balance in inventory is $32,000. 

What is the cost of goods sold? (Show working )

Answer rating: 100% (QA)

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